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Uber CEO Dara Khosrowshahi speaks at a product launch event in San Francisco, California on September 26, 2019.
Philip Pacheco | AFP via Getty Images
Uber reported a third-quarter loss Tuesday but beat analysts’ estimates for revenue and gave strong fourth-quarter guidance. Its shares closed the day up 11% .
Here’s how the company did:
- Loss per share: 61 cent loss vs. 22 cent loss expected by analysts, according to Refinitiv.
- Revenue: $8.34 billion vs. $8.12 billion expected by analysts, according to Refinitiv.
Uber reported a net loss of $1.2 billion for the third quarter, $512 million of which was attributed to revaluations of Uber’s equity investments, according to a company release….
Source cnbc.com
